Make it 10 in a row: since 1998, the Canadian stock market has posted a positive close every time U.S. markets closed for Thanksgiving. The S&P/TSX added 1.28 per cent, or 110.25 points, to 8.753, good for its fifth straight day of gains. Oil fell as much as 3.3 per cent on the New York Mercantile Exchange to $52.62 (U.S.) a barrel, but the energy subindex still put in a strong 3.3 per cent gain on the strength of takeover rumours at Nexen Inc. The oil sands producer was up 17.2 per cent. Miners also had a strong day, with the price of gold holding steady at $817.65 an ounce in New York. The mining subindex gained 3.32 per cent. Potash Corp. gained 4.8 per cent, while Barrick Gold was up 2.38 per cent. Meanwhile, the federal government said in its economic update that it will stay out of deficit this year and next by reducing government spending, capping civil servant wages, and scaling back on equalization transfers to the provinces.